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25 June 2024 | 4 replies
Please tell me what you did to scale up enough to have enough passive income to live in Europe for 6 months every year.
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24 June 2024 | 8 replies
The key point is that data is typically interpreted as compared to expectations rather than month-over-month or year-over-year numbers.
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24 June 2024 | 1 reply
Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes", for a new total of 20-units with yearly gross over 500,000 and cashflow averaging $40k monthly.
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24 June 2024 | 1 reply
I'm only concerned because what I'm asking for rent is $2300/month for a 3br/2ba and I think the most a voucher in my area will cover is $1650/month per online resources.
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25 June 2024 | 18 replies
Most require skin in the game on deals and work like this:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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25 June 2024 | 2 replies
So that by the end of the amortization schedule, almost the entirety of the monthly mortgage payment goes directly to pay principal.
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24 June 2024 | 12 replies
I have a tenant that is refusing to pay the last two months of rent.
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25 June 2024 | 20 replies
If someone tells you it's a 3-month rehab, it will be 6-12 months.
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24 June 2024 | 11 replies
An offer as simple as "I'll pay you $1,500 per month for 360 months" is a legitimate offer.
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24 June 2024 | 3 replies
This house has an FHA loan that I can take over and all in it'll be 2k/month. however, the amount left on loan is 310,000 at a 2.75% rate. so, if I did 590,000-310,000 I would have to come up with 280,000.